Deals & Client Wins Maples Delivers the First Cayman Islands DIP Finance Scheme of Arrangement
09 Nov 2018
The injection of finance meant that an imminent fire sale of the underlying collateral (a Marshall Islands flagged drill ship) was avoided and creditors have been given the chance of achieving a better return in the future. This is one of the first times a scheme has been used to provide DIP rescue finance and may signal the start of a new trend in light of the Noble decision from the English High Court which followed hot on the heels of Schahin.
The Cayman Islands team was led by partner Caroline Moran and of counsel Nick Herrod, with associates Christian La-Roda Thomas and Ryan Hallett.
The US team was led by partner Tim Graulich and associates Stephen Piraino and Natasha Tsiouris of Davis Polk & Wardwell LLP.
The $US 501 million deal was hugely novel as it was the first ever US CLO transaction to employ a Cayman Islands LLC as its issuer.Read more
09 Sep 2019
The Maples Group is pleased to announce the expansion of its global Shipping team with the appointments of a number of strategic hires in Asia.Read more
29 Aug 2019
The Maples Group is pleased to announce that due to the growth of its business in Jersey, it has relocated its offices.Read more
21 Aug 2019
The Maples Group's law firm, Maples and Calder, is pleased to announce the appointment of Heidi de Vries as the Managing Partner of its London office.Read more
20 Aug 2019
Maples Group Welcomes US Bankruptcy Courts Decision on the Rights of Investors in Cayman Islands Funds
In the liquidation proceedings of Ascot Fund Ltd, a Cayman Islands incorporated company, the US Bankruptcy Court held that the rights of investors in Cayman Islands funds are to be determined by Cayman Islands law.Read more
20 Aug 2019
The Maples Group has announced the appointment of Olena Mykhailenko as a Vice President in Dubai.Read more
19 Aug 2019